From Yahoo Finance: 2025-04-01 22:24:00

Equity futures dropped after Trump announced tariffs, causing gold and bond prices to rise. S&P 500 E-minis fell 1.6% and Nasdaq futures dropped 2.4%. Trump detailed tariffs on imports, including 34% for China and 25% for autos. Investors await responses from trading partners and watch gold prices climb.

Gold prices surged closer to record highs after Trump’s tariff announcement. Spot gold rose to $3,130.38 an ounce, while U.S. gold futures climbed to $3,159.30 an ounce. Meanwhile, U.S. Treasury yields dropped, with two-year yields hitting a three-week low. The dollar also weakened against major currencies.

Oil prices dipped after the tariff news, sparking concerns about a global trade war dampening crude demand. U.S. crude fell to $71.00 a barrel, while Brent dropped to $74.07 per barrel. The market awaits responses from U.S. trading partners to assess the impact of the tariffs and plan their next moves.

Read more: Equity futures sink, gold rises after Trump imposes tariffs